Public Budget and Finance Essay Example | Topics and Well Written Essays - 1750 words

Public Budget and Finance - Essay ExampleTaxation is a symbol of civilization since it has always been the source of revenue for empires and alleges since historic times (Samson, 2003, p21). Taxation generally substantial as a method of nations giving legitimate protection to their subjects and their properties. The Ancient Egyptians, Greeks and Romans had taxes that required nations to pay the state for the use of land. In Medieval times, this was modified into a feudal system where nobles collected taxes from citizens in guide for protection. This was popular in England.The UK Parliament imposed property taxation on their colonies in North the States in 1634 (Jensen, 1934 p2). After independence in 1776, the Patriots used taxation to build revenue for the nation, influence peoples expense habits and promote justice and fairness in the nation (IRS Website, 2011).From 1781 1789, the Constitution gave the states the right to tax their people. This meant that states had to come up with their own tax regimes and set up local anesthetic tax jurisdictions for the collection of taxes. The taxes were mainly in the organise of tariffs and excise duties. States had the right to set up their own local government systems and the states paid some bills to the Federal government in proportion to the volume and population of each state.Between 1862 and 1872 during the American courteous War, the Federal Government had to take more revenue from the individuals (IRS Website, 2011). This implied that the Federal Government had to supervise the collection of taxes from the local level to the state level to ensure that the war could be funded appropriately to restore the constitution and its unhomogeneous requirements.From 1913 to present, the 16th Amendment gave Congress the right to oversee the collection of taxes (IRS Website, 2011). This therefore implies that Congress has the right and responsibility of inadvertence states to set up tax jurisdictions and local offic es to collect taxes for the funding of public